London Stock Exchange Publishes Climate Disclosures Guide
The London Stock Exchange (LSE), building on the FSB Task Force on Climate-related Financial Disclosures (TCFD) and levering the United Nations Sustainable Stock Exchanges Initiative's Model Guidance on Climate Disclosure, has this week become the first exchange to publish climate reporting guidance.
As Julia Hoggett, Chief Executive Officer of the London Stock Exchange, said: “While many FTSE 100 companies have already taken a #leadership position by committing to #netzero by 2050 and before, the London Stock Exchange is home to companies at varying stages of the climate transition.”
Indeed, there are c. 2,000 companies listed on the LSE, with a market capitalisation of c. $4 Trillion, some advanced in their '#sustainability transitions and disclosures and others far less so.
With this #climate reporting guidance, The London Stock Exchange has provided a practical guide for those less-enabled to effectively disclose and communicate their strategic and operational approaches to #climatechange and how they are addressing risk and opportunities.
There is vast recognition of the need for #reporting and disclosure, and a call for that information from companies to be clear and consistent.
Complemented by a new website designed to help businesses prepare for transition to low-carbon, the guide from The London Stock Exchange isn’t a cure-all, but it does pave way for those companies and their #leadership who are earlier on their journeys to make positive strides. And that represents #business advancement to be celebrated.
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